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Mounds View EDA January 22, 2018 <br />Regular Meeting Page 3 <br /> <br />Program for the Mounds View Economic Development Project and the proposed establishment <br />of a TIF District No. 1-6, as well as the adoption of a TIF Plan. <br /> <br />Commissioner Meehlhause noted the numbers from Ehlers would be updated. Finance Director <br />Beer reported this was the case. <br /> <br />President Mueller stated Ehlers assisted the City with all of its TIF financing and noted the <br />proposed development meets all of the qualifications for TIF. Finance Director Beer stated the <br />proposed project does meet the “but for” test. <br /> <br />President Mueller requested the report from Ehlers be passed along to the EDC. <br /> <br />MOTION/SECOND: Gunn/Meehlhause. To Waive the Reading and Adopt Resolution 18- <br />EDA-304, a Resolution Requesting the City Council call for a Public Hearing on the Proposed <br />Adoption of a Modification to the Development Program for the Mounds View Economic <br />Development Project and the Proposed Establishment of a Tax Increment Financing District No. <br />1-6, (A Housing District) and the Adoption of a Tax Increment Financing Plan. <br /> <br /> Ayes – 4 Nays – 0 Motion carried. <br /> <br />8. REPORTS <br /> <br />Commissioner Meehlhause reported he attended a Twin Cities Gateway meeting last week. He <br />stated this organization continues to be in very good financial standing and noted hospitality <br />taxes for 2017 were comparable to 2016. He discussed how this would impact member city <br />contributions from the convention bureau. <br /> <br />Commissioner Gunn anticipated revenues for 2018 would be on the rise given the Super Bowl <br />was being held in Minneapolis in February. <br /> <br />President Mueller explained the Ralph Reeder Food Shelf was in the process of relocating. She <br />noted the food shelf would like to remain in Mounds View or New Brighton given the fact 70% <br />of their client base were Mounds View or New Brighton residents. She encouraged those <br />interested in pursuing a partnership with the food shelf to contact the City. <br /> <br />9. NEXT EDA MEETING: Monday, February 12, 2018 at 6:00 p.m. <br /> <br />10. ADJOURNMENT <br /> <br />President Mueller adjourned the meeting at 6:29 p.m. <br /> <br />Respectfully submitted,